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Exclusive: Leidos nears $5 billion deal for Lockheed's IT businesses

2016-01-19 19:18:30| IT Services - Topix.net

Reston, Virginia-based Leidos submitted an offer earlier this month that prevailed over rival U.S. defense contractor CACI International Inc ( Leidos plans to merge with the Lockheed businesses for sale under a so-called Reverse Morris Trust, a transaction that allows a parent company to divest a unit in a tax-efficient manner, according to the sources. If the terms of the potential agreement are finalized, Leidos and Lockheed Martin could announce a deal as early as next week, the people added.

Tags: it deal businesses exclusive

 

China's Haier nears deal to buy GE appliance unit

2016-01-15 10:23:34| Appliances - Topix.net

General Electric Co. is near a deal to sell its appliance business to China's Haier Group for more than $4 billion, according to people familiar with the matter, after GE's previous effort to sell the unit for a lower amount was blocked by antitrust regulators.

Tags: buy unit deal appliance

 
 

Home Retail nears Homebase sale for GBP340m cash

2016-01-13 23:14:08| Agriculture - Topix.net

Home Retail has confirmed it is in advanced discussions to sell its Homebase arm to Australia's Wesfarmers Limited for A 340m cash, possibly paving the way for suitor Sainsbury's to swoop again for the company's Argos business. Home Retail, which rejected a takeover offer from Sainsbury's in November but remains a target for the grocer, said it had begun discussion with Perth-based Wesfarmers in September and received a firm offer letter in November.

Tags: home sale cash retail

 

Homebase owner nears 340m sell-off

2016-01-13 20:12:11| BBC News | Business | UK Edition

The owner of Homebase says it is in advanced talks to sell the DIY chain to Australian retailer Wesfarmers for 340m.

Tags: owner nears homebase 340m

 

University of Alabama Huntsville nears completion of new student services building (with Video)

2016-01-08 19:46:00| American School & University

Facility set to open in the spring will serve as a front door for the campus read more

Tags: with services video university

 

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